Ignoring Women Costs Finance Firms $700 Billion a Year: Oliver Wyman Report

The video discusses the $700 billion revenue gap in financial services due to unmet needs of women, highlighting structural differences that impact women's financial lives. It examines AI's role in perpetuating gender bias and the importance of removing bias from algorithms. The video also analyzes the representation of women in financial leadership, noting progress but emphasizing the need for further improvement. It calls for responsibility from firms, shareholders, and policymakers to address gender diversity and balance.

What is the estimated annual revenue gap in financial services due to unmet needs of women?

• $900 billion

• $1 trillion

• $700 billion

• $500 billion

Which of the following is NOT a structural difference impacting women's financial lives?

• Being a minority in corporate settings

• Higher likelihood of full-time employment

• Primary caregiving responsibilities

• Longer life expectancy

How can AI be a force for good in financial services?

• By reducing operational costs

• By increasing automation

• By enhancing customer service

• By eliminating human bias in decision-making

What was the representation of women on executive committees globally in 2019?

• 11%

• 20%

• 38%

• 23%

Which country had the highest representation of women in financial services?

• United States

• Israel

• Germany

• United Kingdom

What is the significance of November 14th in the UK regarding gender pay?

• It is the day of the annual financial report

• It is the deadline for tax submissions

• It is the day women stop earning compared to men

• It marks the start of the fiscal year

Who is responsible for addressing gender diversity in financial services?

• Only individual firms

• Only policymakers

• Only shareholders

• All stakeholders in the ecosystem